Property Overview
This 1979-built bungalow in Elmhurst offers a well-proportioned and established family home on a large, 7,147 sqft lot. Its key appeal lies in a combination of generous space and strong relative value within the wider Winnipeg market. The home features 1,691 sqft of living space, which is notably above average for the area, and includes a finished basement. Practical amenities include an attached garage.
The property's standout characteristic is its competitive positioning. It ranks highly for lot size, living area, and assessed value not just in its immediate neighborhood, but across the entire city, placing it in the top 20% of homes for these metrics. This suggests a property that offers more space for the dollar compared to many others. It would particularly suit buyers looking for a move-in ready, single-level living layout with room to grow outdoors, or those seeking a home with solid fundamentals in a mature community. Its above-average city-wide rankings make it a compelling option for value-conscious buyers who prioritize space and established neighborhoods over newer construction.
Frequently Asked Questions
1. What does the ranking system mean?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg for specific metrics like lot size and age. For example, ranking in the "top 16%" for lot size in Winnipeg means 84% of city homes have a smaller lot, highlighting this property's above-average outdoor space.
2. The home is 47 years old. What should I consider?
While the home has been maintained, its age means essential systems like roofing, plumbing, and heating may be at or beyond their typical service life. A thorough inspection is crucial to understand the condition and potential upcoming investments, which is typical for homes of this vintage.
3. The assessed value is $527,000. Is this the sale price?
No. The assessed value is for municipal tax purposes. The sale price is determined by the current market and can be higher or lower than this assessment.
4. What are the advantages of a large lot in this neighborhood?
Beyond private outdoor space, a lot of this size (over 1/6 of an acre) offers long-term flexibility. It provides room for additions, gardening, recreational features, or simply more privacy than newer, tightly packed subdivisions. It's a feature that is increasingly difficult to find.
5. The home ranks lower for "newness." Is that a concern?
This ranking reflects the mature nature of the Elmhurst area itself. Homes here are generally older, so it's a relative comparison. For buyers seeking an established neighborhood with larger lots and mature trees, this is typical. The trade-off for a newer home would often be a smaller lot in a different community.